Audit of financial statements as a component of economic and financial security of an enterprise under martial law: approaches and analysis
DOI:
https://doi.org/10.5377/reice.v11i22.17357Keywords:
Threat to financial security, methodological approach, financial security indicator, risks, development potential, profit, loss of financial equilibriumAbstract
The analysis of the financial security of an enterprise is used primarily to identify threats to its stable development and the ability to develop in the long term. Undoubtedly, the financial statements of an enterprise are a reflection of its financial condition, and accordingly, the assessment of the level of financial security should be based primarily on the audit of financial statements. In view of this, the purpose of the study is to generalize approaches to the audit of the financial statements of an enterprise to determine the level of financial security of an enterprise. In the course of the study, it was determined that today there are many approaches to determining the level of financial security in the literature, most of them are based on the audit of financial statements, but a single approach to diagnosing the state of financial security has not been formed. The article generalizes scientific works and identifies a list of the most important indicators for determining the level of financial security. It is proved that a systematic audit of financial statements using the proposed approach can ensure the timely detection of threats to financial security and create a basis for early response to identified threats.
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